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R J Shah & Company Ltd.

BSE: 509845 Sector: Engineering
NSE: N.A. ISIN Code: N.A.
BSE LIVE 15:12 | 02 Dec Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 284.00
PREVIOUS CLOSE 270.55
VOLUME 100
52-Week high 284.00
52-Week low 0.00
P/E 1.71
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 284.00
CLOSE 270.55
VOLUME 100
52-Week high 284.00
52-Week low 0.00
P/E 1.71
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

R J Shah & Company Ltd. (RJSHAHCO) - Auditors Report

Company auditors report

To The Members of R. J. Shah & Company Limited

Report on the Financial Statements

1. We have audited the accompanying standalone financial statements of R.J.Shah &Company Limited ('the Company") which comprise the Balance Sheet as at March312015 and the Statement of Profit and Loss and Cash Flow Statement for the year thenended and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Standalone Financial Statements

2. The Company's Board of Directors is responsible for the matters stated in section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese standalone financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theAccounting Principles generally accepted in India including the Accounting Standardsspecified under section 133 of the Act read with Rule7 of the Companies (Accounts) rules2014 This responsibility also includes maintenance of adequate accounting records inaccordance with the Act for safeguarding the assets of the Company and for preventing anddetecting frauds and other irregularities selection and application of appropriateaccounting policies making judgments and estimates that are reasonable and prudent anddesign implementation and maintenance of adequate internal financial that were operatingeffectively for ensuring the accuracy and completeness of the accounting records relevantto the preparation and presentation of the financial statements that give a true and fairview and are free from material misstatement whether due to fraud or error.

Auditors’ Responsibility

3. Our responsibility is to express an opinion on these standalone financial statementsbased on our audit.

4. We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the rules made thereunder.

5. We conducted our audit in accordance with the Standards on Auditing specified undersection 143(10) of the Act. Those Standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

6. An audit involves performing procedures to obtain audit evidence about toe amountsand disclosures in the financial statements. The procedures selected depend on theauditor's judgment including the assessment of the risks of material misstatement of thefinancial statements whether due to fraud or error. In making those risk assessments toeauditor considers internal control relevant to the Company's preparation of toe financialstatements that give a true and fair view in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion onwhether the company has in place an adequate internal financial control system overfinancial reporting and the operating effectiveness of such controls. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonablenessof the accounting estimates made by toe Company's Directors as well as evaluating toeoverall presentation of the financial statements.

7. We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the standalone financial statements.

Opinion

8. In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Act in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India of the state of affairs of the companyas at 31st March 2015 and its profit and its cash flows for the year ended onthat date.

Report on Other Legal and Regulatory Requirements

9. As required by 'the Companies (Auditor's Report) Order 2015’ issued by theCentral Government of India in terms of sub section (11) of section 143 of the Act(hereinafter referred to as "order") and on the basis of such checks of thebooks and records of the Company as we considered appropriate and according to toeinformation and explanations given to us we give in the Annexure a statement on thematters specified in paragraph 3 and 4 of the order.

10. As required by section 143(3) of the Act we report that

a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit.

b) In our opinion proper books of accounts as required by law have been kept by thecompany so far as it appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss and the Cash Flow Statementdealt with by this Report are in agreement with the books of account.

d) In our opinion toe afore said standalone financial statements comply with toeAccounting Standards specified under section 133 of the Act read with Rule 7 of theCompanies(Accounts) Rules 2014.

e) On the basis of the written representations received from toe directors as on 31stMarch 2015 taken on record by toe board of directors none of the directors isdisqualified as on 31st March 2015 from being appointed as a director in termsof section 164(2) of toe Act

f) With respect to the other matters to be included in the Auditor's report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules2014 in our opinionand to the best of our information and according to the explanations given to us:

1) The Company has disclosed the impact of pending litigations on its financialposition in its financial statements refer to Note no.14.2 & Note no.26 to thefinancial statements.

2) The Company did not have any long term contracts including derivative contracts forwhich there were any material foreseeable losses.

3) There has been no delay in transferring amounts required to be transferred to theInvestor Education and Protection Fund by the company.

For N.S.Bhatt and Associates For Maganlal & Company
Chartered Accountants Chartered Accountants
Firm Registration No:130891W Firm Registration No:105731W
N.S.Bhatt Mukesh C Bhatt
(Partner) (Proprietor)
Membership No. : 010149 Membership No.014092
Place:Mumbai
Date: 29th May 2015

ANNEXURE TO INDEPENDENT AUDITOR’S REPORT

Referred to in paragraph 9 of the Independent’s Auditor Report of even date to themembers of R.J.Shah & Company Limited on the standalone financial statements as of andfor the year ended March 312015

I a) The Company has maintained proper records showing lull particulars includingquantitative details of fixed assets except that of Furniture and Fixture and scientificApparatus..

b) A major portion of the fixed assets have been physically verified by the managementduring the year in our opinion the frequency of verification of the fixed assets By themanagement is reasonable having regards to size of the company and the nature of itsassets. As reported by the management no material discrepancies were noticed on suchverifications

II a) As explained to us the inventory has been physically verified during the year bytrie management in our opinion the frequency of verification is reasonable

b) In our opinion and according to the information and explanation given to usprocedure of physical verification of inventories followed by the management reasonableand adequate in relation to the size of the Company and the nature of its business.

c) In our opinion and according to the information and explanation given to as thecompany is maintaining proper records of inventory The discrepancies noticed onverification between physical stocks and the book records were not material and have beenproperly dealt with in the books of accounts.

III As per the information and explanation given to us the Company has not granted anyloans secured of unsecured to any Companies firms or other parties covered in theregister maintained under section 189 of the Companies Act 2013.

IV In our opinion and according to the information and explanation given to us thereis an adequate internal control system commensurate with the size of the Company andnature of its business with regards to the purchase of inventory and fixed assets and forthe work done and services. During The course of our audit we have not observed anycontinuing failure to correct major weaknesses in the internal control system of theCompany.

V The Company has not accepted any deposits from public within the meaning of section73 and 74 of the Act and the rules framed thereunder to the extent notified.

VI As per the information and explanation given by the management the CentralGovernment has not prescribed for the maintenance of Cost records under section 148(1) ofthe Companies Act. 2013 therefore the provision under this clause are not applicable tothe Company

VII a) As per the information and explanation given to us and records of the companyexamined by us in our opinion the Company is regular In depositing the undisputedstatutory dues including Provident Fund Employees Slate Insurance Income Tax Sates TaxWealth Tax Service Tax Custom Duty and other Statutory dues applicable to it with theappiopnate authorities.

b) According to the information and explanations given to us there are no dues ofincome Tax Wealth Tax Sales tax. Service Tax Custom Duty and Cess which has not beendeposited on account of any dispute

c) The amount required to be transferred to investor Education and Protection fund hasbeen transferred within stipulated time in accordance with the relevant provisions of theCompanies Act 1986 and Rules made thereunder'

VIII The Company does not have any accumulated losses as at the end of the financialyear and the company has not incurred cash losses during the current and the immediatelypreceding financial year

IX In our opinion and according to information and explanation given to us. the companyhas not defaulted in the repayment of dues to financial institutions banks and debenturesholders at the balance sheet date

X According to the information and explanation given to us the company has not givenany guarantee tor loan taken by others from Banks and Financial Institutions.

XI The Company has not raised any term loan during the year

XII During the course of our examination of the books and records of the Companycarried out in accordance with the generally accepted auditing practices in India andaccording to the information and explanations given to us we have neither come across anyinstance of material fraud on or by the Company noticed or reported during the year norhave we been informed of any such case by the management.

For N.S.Bhatt and Associates For Maganlal & Company
Chartered Accountants Chartered Accountants
Firm Registration No:130891W Firm Registration No:105731W
N.S.Bhatt Mukesh C Bhatt
(Partner) (Proprietor)
Membership No.: 010149 Membership No 014092
Place: Mumbai
Date::29th May 2015